Amwal Tech
Amwal Tech is a fintech company in Jeddah, Saudi Arabia, founded in 2022. It has raised $6.5M across 2 rounds, most recently a $2.5M Pre-Seed in February 2023.
Pay now, split securely — bank-backed instalments up to 24 months
- Headquarters
- Jeddah
- Employees
- 11–50
- Founded
- 2022
- Business Model
- B2B2C
- Website
- amwal.tech
- Total Funding
- $6.5M
- Last Round
- $2.5M Pre-SeedFeb 2023
- Rounds
- 2
Totals include recorded grants and other qualifying funding, not just equity. What counts toward funding.
Indexed holds 2 funding rounds and 3 investors for this company. The full record is or through the API.
About
Amwal Tech is a Saudi Arabia-based fintech company providing bank-powered BNPL infrastructure and embedded finance solutions that enable Sharia-compliant credit card installment plans at checkout. The platform connects banks, merchants, and customers, allowing shoppers to split purchases into 3- to 24-month interest-free plans using their existing credit cards — without new apps or SIMAH checks — while retaining loyalty points and rewards. Founded in 2022 and regulated by Saudi Payments (SAMA) under license PSP013, Amwal Tech partners with leading Saudi banks including Al Rajhi, Riyad Bank, SNB, and Alinma, and serves merchants such as IKEA, Syarah, and Abyat.
Summary
It lists 11–50 employees. It has raised $6.5M in total across 2 rounds, most recently a $2.5M Pre-Seed round in Feb 2023. Investors include Shorooq Partners, Outliers Venture Capital and TA Ventures.
Tech & App Stack
5 technologies & apps tracked
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Funding History
Feb 2023
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Funding: Pre-Seed. Amounts, valuations, and investors where available.
Investors
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